Nearly 36.5 million people have filed unemployment claims in the past two months as a result of the coronavirus crisis, with 2.981 million of those claims being filed for the week ending May 9. Though the pandemic has undoubtedly impacted millions of Americans, data from the Bureau of Labor Statistics shows that women are disproportionately feeling the
Retail investors are trading more. The move to $0 commissions is likely a major factor. But there are more things occurring to encourage retail trading, including stay-at-home orders and market volatility. Add it all up and you get electronic brokers reporting trading volumes that are up 100% year over year. In the first quarter alone,
It may be time to get creative when it comes to making money. If you are among the millions of Americans without work amid the coronavirus pandemic, you’re facing roadblocks not seen in years. With unemployment hitting post-World War II records and shelter-in-place restrictions ongoing, competition is fierce for the jobs that are available. That’s why experts suggest
Restauranteur Geoff Tracy sits for a photograph at Chef Geoff’s restaurant in Washington, D.C., U.S., on Thursday, March 26, 2020. Images Andrew Harrer | Bloomberg | Getty Images Many business owners who want to cash out and retire are worried they won’t be able to do that for years because of Covid-19. Nothing could be
The nose of a Delta Air Lines Boeing 777-200ER dedicated to David C. Garrett Jr, former CEO of the airline is seen at the Narita airport. Fabrizio Gandolfo | SOPA Images | Getty Images Delta Air Lines said Thursday it aims to eliminate its daily cash burn by the end of the year and will retire
Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Cisco shares rose as much as 4% in after-hours trading Wednesday after the company reported better-than-expected fiscal third-quarter earnings, although revenue dropped 8% from last year’s quarter, steeper than the 4% decline in the prior
Take a look at some of the biggest movers in the premarket: Norwegian Cruise Line (NCLH) – Norwegian reported a first-quarter loss of 99 cents per share, wider than the 50 cents a share loss that analysts had projected. Revenue was in line with forecasts. The cruise line operator said it was well-positioned to withstand
New York City is home to more ultra-wealthy individuals than any other city in the world, with 120,605 residents worth $5 million or more. That’s according to data firm Wealth-X‘s latest report, “A Decade of Wealth.” There’s a large gap between No. 1 ranked NYC and No. 2 ranked Tokyo, where 81,645 individuals have a
CNBC’s Jim Cramer said Wednesday that investors can find buying opportunities in the market after Wall Street recorded multiple days of losses. The Dow Jones Industrial Average plunged more than 516 points, or 2.17%, to 23,247.97 for its third-straight negative trading session. The S&P 500 and Nasdaq Composite traded 1.7% and 1.55% lower, respectively, for
Xavier Bonghi In today’s environment, it’s just about unimaginable that someone would turn down a $40,000 forgivable loan. Benjamin Brandt, a certified financial planner and president of Capital City Wealth Management in Bismarck, North Dakota, did just that. He initially applied for the Paycheck Protection Program — a forgivable loan program that’s overseen by Treasury